VW Pays $15 Billion to Settle Diesel Scandal in U.S.

VW Pays $15 Billion to Settle Diesel Scandal in U.S.

Assessment

Interactive Video

Business, Social Studies, Architecture

University

Hard

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The video discusses Volkswagen's settlement related to its emissions scandal. Volkswagen agreed to buy back or fix affected cars, costing around $10 billion, and pay $4.7 billion to environmental agencies and clean energy investments. The settlement includes conditions like achieving an 85% recall rate by 2019, with penalties for non-compliance. Volkswagen has set aside $17.8 billion for these costs, but the settlement only covers the US, leaving other jurisdictions and potential lawsuits unresolved.

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5 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What are the two options Volkswagen has agreed to offer customers regarding their cars?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

How much is Volkswagen estimated to spend on the settlement?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the recall rate Volkswagen must achieve by 2019 to avoid additional penalties?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

What are some of the legal issues that are not covered by the settlement?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

How much has Volkswagen set aside to deal with the settlement, and how much of that will be used?

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